10 Stocks That Hit Lower End Of Circuit Filter In Trade

Markets were subdued in trade today with the Sensex down about 200 points and the Nifty down 60 points in trade. Globally, markets were weak after bond yields in the US spiked.

Here are 10 stocks that hit the lower end of the circuit filter in trade.

Name	Price band	Last traded price
A2Z Infra	5%	Rs 11.40
Jindal Photo	5%	Rs 315.45
Jubilant Industries	10%	Rs 636
Kapston	5%	Rs 128.50
Khaitan Ltd	5%	Rs 43.90
MonteCarlo	10%	Rs 598.10
Panacea Biotech	5%	Rs 239.20
Vardhman Polytex	5%	Rs 30.95
Zodiac	5%	Rs 142.80

Should you buy these stocks?

These stocks can be exceedingly volatile and investors should stay away. Generally, when stocks hit their circuit filters on the lower side, there is some adverse news in the same. Some of them could have reported bad quarterly numbers as well. We suggest that investors stay away from such stocks.

Some companies listed above have a good track record, especially companies like Jubilant Industries. Stocks that are largely penny stocks could be highly volatile and investors could lose money.

In any case, Indian Stock markets are over priced and any interest rate hikes would mean that investor would money money from equity to debt. We suggest that investors do a thorough research before buying into stocks as the price to earnings multiples for Sensex stocks is 22 times, which is way above the historical averages.

Disclaimer

Investing in equities is risky and investors must therefore understand the risk. The author and Greynium Information Technologies Pvt Ltd would not be responsible for any losses caused based on the article. The author and his family do not hold shares in any of the companies listed above. Investors should note that stocks based on new developments can be exceedingly volatile for a few days in trading. It is best to let the share price stabilize before investing.